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The Insurance Regulatory Commission of Sri Lanka has introduced a new rule that requires all licensed insurance brokerages to have at least one employee with the Advanced Diploma from the Chartered Insurance Institute (ACII).
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This decision follows a request by the Sri Lanka Insurance Brokers’ Association, which had asked for updates to the previous rules on broker qualifications.
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Gaenor Jones, Regional Director for the Chartered Insurance Institute covering the Middle East, Central, and South Asia, said the change would help raise professional standards within Sri Lanka’s insurance sector.
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